Latest RMBS news

  • Storm and Lanark grind tight on solid investor demand

    A pair of prime RMBS transactions were priced at the end of last week to heavy demand, with over subscription and tight spreads on both offerings.

    • 26 Jun 2017
  • Dutch and UK RMBS deals hit market

    European mortgage investors saw more issuance activity this week, driven by a variety of deals from the Netherlands and the UK.

    • 22 Jun 2017
  • Nationwide reels in spread and investors for 15 year covered

    Nationwide Building Society issued a larger than expected €1bn 15 year covered bond at an optically cheap spread this week, through close to one interpretation of fair value. The huge book supported a 10bp tightening through the process, even though some investors withdrew their orders.

    • 22 Jun 2017
  • Standards slipping in US non-prime mortgage lending, says Moody’s

    Representations and warranties and enforcement frameworks have been weak in non-prime US residential mortgage-backed securities, said Moody’s this week, in contrast to recent prime jumbo transactions.

    • 21 Jun 2017
  • UK RMBS buyers hungry for Optimum second lien offering

    UK RMBS investors are eagerly eyeing a debut securitization from Optimum Credit, Castell 2017-1 PLC, which is backed wholly by second lien mortgages.

    • 21 Jun 2017
  • Insurer AIG steps into US mortgage bond market

    American International Group (AIG) has launched a debut prime jumbo RMBS deal backed by collateral described by Fitch Ratings as among the strongest seen since the financial crisis.

    • 20 Jun 2017
  • Twin Bridges BTL RMBS marketing as TFS continues to hurt supply

    Twin Bridges 2017-1, a UK buy-to-let RMBS deal issued by Fortress subsidiary Paratus AMC, is being marketed to RMBS investors eager for exposure to UK mortgages.

    • 12 Jun 2017
  • Banks set to finance own NPL exits through guarantees

    Italian banks are the most likely financiers of their own non-performing loan (NPL portfolio sales, thanks to the structure of the government guarantee scheme, and the difficulty of executing large NPL trades with external finance. Portugal, too, looks set to go down the same road.

    • 08 Jun 2017
  • European ABS buyers seek toehold in US mortgage credit

    US mortgage credit risk transfer and single family rental bond sellers hopped across the pond this week to tap up new European investors for their credit products, with Freddie Mac and Colony American Finance speaking on a panel at Global ABS in Barcelona on Thursday.

    • 08 Jun 2017
  • RMBS issuers waiting for liquidity flood to ease

    Despite quantitative easing measures contributing to persistent shrinking in the size of the European RMBS market, panellists at Global ABS on Wednesday were optimistic that the tapering of central bank funding schemes would see a resurgence of supply, as new non-bank lenders grow market share and banks look to refinance retained deals.

    • 07 Jun 2017

RMBS news archive

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,865 12 12.28
2 Citi 2,800 7 8.90
3 Goldman Sachs 2,615 4 8.31
4 Credit Agricole 2,254 6 7.16
5 Barclays 2,006 6 6.38

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 136,894.46 417 10.71%
2 Wells Fargo Securities 131,973.29 354 10.33%
3 Citi 128,092.49 391 10.02%
4 JPMorgan 109,675.50 340 8.58%
5 Credit Suisse 83,527.48 254 6.54%